The significant unmet need for cash-flow flexibility among South African employees sees the Paymenow earned wage access platform take off.
The digital bank receives approval from the South African Reserve Bank’s Prudential Authority to appoint Cheslyn Jacobs as its new CEO.
The central bank can’t change regulations through the courts, says Joon Chong, a partner at law firm Webber Wentzel.
The JSE-listed technology group delivers a 15% increase in operating profit, despite a 10% revenue decline in its digital business.
NSFAS fintech partners to challenge contract cancellations
In this week's tech news roundup, Fintech partners contracted to disburse monthly allowances to NSFAS-funded tertiary students have challenged the allegations levelled against them, saying they are considering legal action. eZaga and Tenet Technology have denied the allegations made against them and claim to not have received the full report in which these were made Stay informed and engaged with our comprehensive coverage of these stories and more on our website, www.itweb.co.za and social media platforms. Discover the latest advancements shaping the future of technology by ITWeb. #newsvideo #sita #nsfas https://www.itweb.co.za/content/DZQ58MV8yPAvzXy2 https://www.itweb.co.za/content/rxP3jqBEax8MA2ye https://www.itweb.co.za/content/xnklOvz1dnYq4Ymz https://www.itweb.co.za/content/dgp45vaBPVJ7X9l8 https://www.itweb.co.za/content/P3gQ2qGAPrg7nRD1
N-CAPIE offers a faster way to create and continuously optimise API implementations, says Sam Selmer-Olsen, MD at Bateleur Software.
The enhanced collaboration introduces the ability for users to top up their MoMo Wallet using debit and credit cards.
Integrating informal and co-operative banking institutions into the formal financial system remains a critical barrier to inclusive economic growth, says MoData.
Huawei Cloud drives African FinTech innovation
Mark Wang, Solution Architect at Huawei Cloud Southern Africa, spoke to ITWeb about Huawei being a strategic partner in the banking sector. He also addressed challenges for banks in SA and potential growth in the payment ecosystem for customers. #huaweicloud #fintech #digitalbanking
The 55-year relationship continues with the mandate to make everyday payments simpler, safer and more inclusive across Africa.
The firm agrees to acquire 20.1% of Optasia, an AI-powered fintech platform that provides people across emerging markets with financial access.
The company was named the 'Most Disruptive Fintech in Shaping the Informal Economy' at the Absa Commercial Payments Awards in association with Visa.
While SA’s removal from the greylist is seen as a significant achievement, several tech solutions to prevent illicit financial flows have yet to be implemented.